Regulatory

Days before the deadline, the SEC filed an appeal against the court ruling that declared XRP as not a security, reigniting its legal battle with Ripple Labs just after the departure of its Enforcement Director, Gurbir Grewal. Appeal Against XRP Ruling The U.S. Securities and Exchange Commission (SEC) has filed a notice of appeal against the ruling in its legal battle with Ripple Labs concerning the status of XRP as a security. This move comes after Judge Analisa Torres ruled…

The SEC has rejected Cboe's 19b-4 filings for two proposed Solana ETFs, citing concerns over Solana's classification as a security, which has stalled the approval process. Regulator Stymies Solana ETF Proposals The U.S. Securities and Exchange Commission (SEC) has rejected the 19b-4 filings submitted by Cboe BZX for two proposed spot Solana Exchange-Traded Funds (ETFs). The filings were submitted by the crypto exchange on July 8 and, according to sources familiar with the matter, were subsequently withdrawn from the Cboe…

Mango Markets DAO has proposed a $223,228 settlement with the SEC to address allegations of securities law violations, marking a significant move amid ongoing regulatory scrutiny. Settlement Proposal Amid Regulatory Scrutiny Mango Markets DAO, the decentralized autonomous organization behind the Solana-based decentralized exchange Mango Markets, has proposed a settlement with the U.S. Securities and Exchange Commission (SEC) to address allegations of securities law violations. The proposal, which includes a $223,228 fine, follows extensive investigations by U.S. regulators into the activities…

The post Bybit Halts Operations in France Amid Regulatory Clampdown appeared first on Coinpedia Fintech News A major cryptocurrency exchange, Bybit, has announced a halt to its services in the French market. Starting August 2, it will cease their operations for the French nationals. It took the closure decision due to recent regulatory developments and stringent regulatory pressures from the Autorité des Marchés Financiers (AMF). Let’s explore what it means for Bybit and its French users. Limited Service Access for…

CoinCub ranks Argentina among the most restrictive countries for cryptocurrencies, similar to Nigeria, China, and Russia. Despite regulatory challenges, President Javier Milei’s neutral stance offers some hope, yet he did not veto new regulations. In Argentina, the regulation for cryptocurrencies, particularly Bitcoin, has sparked a range of reactions among users. Introduced over three months ago, these regulations described in CNF, aim to oversee cryptocurrency exchanges and service providers.  This move, orchestrated by Argentina’s National Securities Commission under international financial guidelines,…

The post South Korean Regulatory Crackdown Might Delay Global Crypto Market Recovery appeared first on Coinpedia Fintech News The Financial Supervisory Service of South Korea on July 4 stated that a system to increase oversight and monitor unusual crypto trading activity is on the way. Crypto exchanges are notified to feed data and details into the system as the Virtual Asset User Protection Act goes into effect on July 19. While mass delisting is denied by South Korea’s Digital Asset…

The post Robinhood’s Bold Crypto Futures Plan: Expansion Amid Regulatory Scrutiny appeared first on Coinpedia Fintech News Robinhood  Markets Inc. is going to acquire Bitstamp next year for approximately $200 Million. Before this deal is closed they are considering entering the cryptocurrency futures market. This could expand their offering in the US as well as in Europe.  Expansion into Europe and the US Robinhood plans to use Bitstamp’s licenses to offer perpetual futures in Europe. According to anonymous sources, the…

Data from Coinglass suggest that Bitcoin could experience a strong rebound driven by historical patterns. The upcoming Mt. Gox repayments and the substantial sale of Bitcoin by the German government significantly threaten BTC’s price in July. Struggling through a tedious performance in June, Bitcoin showcased unsatisfactory activity, with BTC plummeting almost 7%.  June’s performance has left a sense of mixed optimism among investors and analysts, unresolved on whether BTC’s price will come out strong or if the struggle will persist. …

VanEck has filed an application for Solana ETF in the US. Bloomberg ETF said approval might not come until 2025 due to regulatory strain. Bloomberg analyst James Seyffart says the first Solana (SOL) Exchange-Traded Fund (ETF) filed by VanEck might face regulatory hurdles in the US. The analyst highlights 2025 as the possible timeline for the Solana ETF launch. Regulatory Hurdles Plaguing Solana ETF Launch Taking to the X platform, Seffart stated that the Solana ETF launch will depend on…